China’s internet and technology sector is a bubble waiting to burst, according to an annual Asia-Pacific private equity report for 2019 released by Boston-based global management consultancy Bain & Company on Friday.According to the report, many private equity (PE) investors are stuck with portfolio companies bought over the past five years at high multiples. They now also face a deteriorating outlook for their investment.“That scenario, if and when it comes, will make it tough for general… Source link

Memories die hard in the cryptocurrency market, where a digital token known as Tron has almost doubled in value over the past month. Like many of the start-ups that surged in value before crashing during the digital-asset market bubble, the company features a young entrepreneur, questions about usage of its main product and a lot of hype. TRX, as the token launched in 2017 is officially named, has a market value of about US$1.6 billion, making it the ninth-largest virtual coin, as measured by data provider CoinMarketcap.com. At the centre…

It’s fair to say China is facing a property market bubble in the sense that housing prices are far beyond people’s affordability. The price-to-income ratio in cities like Beijing and Shanghai is around 23, meaning the average household would have to work for more than two decades, without spending, to buy a home. In Tokyo and New York, that ratio is much lower at about 13. Some analysts are even predicting the Chinese economy will implode, including a collapse in housing prices, with or without external challenges such as the…

Less than two months ago, Hong Kong was named home of the world’s biggest property bubble. Now it may become known as the model for how to slowly deflate a bubble and avert a painful burst. Signs the air is slowly seeping out of the bubble are growing: Home prices slipped some in August and September – after a 28-month bull run that drove up prices by 45 per cent. Long queues of hungry buyers are far shorter. Even auctions of foreclosed homes are coming up short of bidders. Meanwhile,…

Victor Li Tzar-kuoi, the elder son of Hong Kong’s richest man Li Ka-shing, says Hong Kong’s housing market is not in a bubble waiting to burst despite continued skyrocketing prices, and dismisses suggestions he is about to change the development path of the group his iconic father founded. His comments contrast with a UBS report released in September which suggested the market remained the world’s most overvalued for homes, and was seriously at risk of overheating. “Do not say it is a bubble. It is not that serious,” the new…

SINGAPORE – Calling all milk tea lovers, Instagram addicts and those who call themselves both. Tiger Sugar, the latest bubble milk tea craze to hit Taiwan, will be making its foray into the South-east Asian market with a Singapore outlet in early November. Mr Trevor Fong, the managing director of parent brand Clover Lifestyle, confirmed with The Straits Times on Monday (Oct 8) that Tiger Sugar Singapore’s flagship store will be located at Capitol Piazza near City Hall MRT station. Fans in Singapore were previously left guessing about the store’s…

Hong Kong remains the world’s most overvalued housing market and is at the greatest risk of a property bubble, according to UBS Global Wealth Management on Thursday. Besides Hong Kong, property values over the past year also soared in Munich, Toronto, Vancouver, London and Amsterdam, according to UBS’s Global Real Estate Bubble Index 2018. Toronto and London remained at risk of a property bubble, even as their real estate prices have softened in the last year, the report said. The study found price overvaluation in most major financial centres, with…